Genworth: Coronavirus (COVID-19) Preparedness

April 9, 2020 | by | Comments Off on Genworth: Coronavirus (COVID-19) Preparedness

We are committed to protecting our associates and their families, as well as being there when our policyholders and customers need us the most. In response to the coronavirus (COVID-19) outbreak, we have implemented a plan to help reduce the risk of exposure and transmission among our employees and allow us to continue to provide service to our policyholders and customers. This includes several changes to our corporate policies. Work. All employees strongly encouraged to work from home Travel Guidelines. Restricted employee travel and company visitors Technology. Equipped employees with tools and technology to work remotely from home. Business Continuity.
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Categories: COVID-19, Genworth, Industry News, and Long-Term Care.
Tags: Coronavirus, COVID-19, DOI, Genworth, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, pandemic, policyholder, and virus.

Penn Treaty Surcharge

March 20, 2020 | by | Comments Off on Penn Treaty Surcharge

Penn Treaty Surcharge for Active Long Term Care Policyholders Resident in California Genworth Life Insurance Company (GLIC)and Genworth Life and Annuity Insurance Company (GLAIC) (GLIC and GLAIC, collectively Genworth) recently started mailing California Resident LTC policyholders seeking recoupment for assessments made against Genworth by the California Life and Health Insurance Guarantee Association (CLHIGA) for the 2017 Penn Treaty insolvency. CLHIGA assessed all companies writing health insurance in California to make up the shortfall needed to pay Penn Treaty claims caused by that insolvency. This assessment is not unique to Genworth, and Genworth has no affiliation with Penn Treaty. California law
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: California, DOI, Genworth, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Penn Treaty, and policyholder.

Arkansas Online Payment of Licensing Fees, Effective January 1, 2020

March 9, 2020 | by | Comments Off on Arkansas Online Payment of Licensing Fees, Effective January 1, 2020

As a reminder, effective January 1, 2020, the Arkansas Insurance Department will no longer accept paper checks for licensing fees and will no longer send paper renewal forms through the mail. All renewal fees and application fees will be processed electronically through www.nipr.com. Attached is Arkansas Bulletin No. 12-2019 for your reference. If you have any questions about the bulletin, please contact the AR Insurance Department’s licensing division at (501) 371-2750 or by email to insurance.license@arkansas.gov.   Arkansas Online Payment of Licensing Fees, Effective January 1, 2020   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: AR, Arkansas, DOI, Genworth, licensing, licensing fees, Long-Term Care, and LTC.

California Licensing Fees Increased, Effective March 3, 2019

June 3, 2019 | by | Comments Off on California Licensing Fees Increased, Effective March 3, 2019

As a reminder, per California Bulletin No. 2018-4, the California Department of Insurance (DOI) has increased its licensing fees by 10 percent for all insurance producers and insurers operating within the state of California, effective March 3, 2019. Attached is the new fee schedule for your convenience. If you have any questions, please contact the CA DOI Licensing Hotline at (800) 967-9331.   California Licensing Fees Increased, Effective March 3, 2019   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: CA, California, DOI, Genworth, licensing, Long-Term Care, and LTC.